When does ARC normally draft or credit the agent's account?

When does ARC normally draft or credit the agent's account?

• A. Ten days after the PED
• B. Immediate
• C. Five days after the PED
• D. On PED

Answer: (C)

ARC follows a set settlement cycle tied to the Posting Entry Date (PED). The PED is when the day’s transactions are finalized in ARC for settlement. ARC normally drafts or credits the agent’s account five days after that PED. This window allows time to compile and verify all transactions for the PED, run the settlement batch, apply any adjustments or chargebacks, and complete the funds transfer with the bank. Immediate or same-day drafting would bypass this processing, while ten days is longer than the standard cycle.

ARC follows a set settlement cycle tied to the Posting Entry Date (PED). The PED is when the day’s transactions are finalized in ARC for settlement. ARC normally drafts or credits the agent’s account five days after that PED. This window allows time to compile and verify all transactions for the PED, run the settlement batch, apply any adjustments or chargebacks, and complete the funds transfer with the bank. Immediate or same-day drafting would bypass this processing, while ten days is longer than the standard cycle.